108 S 8th StSouth BeloitIL61080
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in South Beloit at 108 S 8th St, South Beloit, IL, 61080 uses $56,355 cash to close to unlock $2,015/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,347/mo, and a $832/mo payment keeps the spread at $168/mo. Purchase price stands at $169,999, and rental yield measures 9.51% with $1,347/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash records $69,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,347/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61080, South Beloit, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,686 (100%) |
| Owner Occupied HU | 3,293 (70.3%) |
| Renter Occupied HU | 1,040 (22.2%) |
| Vacant Housing Units | 353 ( 7.5%) |
| Median Home Value | $195,268 |
| Average Home Value | $228,383 |
Housing Distribution
Address Breakdown
Residential
4,437
Single Family
4,253
Multi-Family
184
Businesses
307
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Listed by: Donya Bundy • Gambino Realtors
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202600290